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Iran declares Strait of Hormuz 'completely open' for rest of ceasefire
Metro.co.uk and 13 more
- The ceasefire opening could support higher-income consumers’ spending if equity markets stay buoyant, even as broader energy disruption persists.
- The reopening of the Strait of Hormuz signals temporary relief for energy markets, with near-term price relief not implying a lasting fix.
- Damage to energy facilities and refining capacity in the Persian Gulf will take months and in some cases years to repair, tempering expectations of a swift rebound.
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